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Thread: GOP plan to extend tax cuts for rich adds $36 billion

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    Re: GOP plan to extend tax cuts for rich adds $36 billion

    Quote Originally Posted by pbrauer View Post
    your posts get more stupid by the minute



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    Re: GOP plan to extend tax cuts for rich adds $36 billion

    Quote Originally Posted by Conservative View Post
    That isn't what I said as desperation sets in with another liberal.
    Quote Originally Posted by Conservative View Post
    many in that 50,000 range pay zero in Federal Income taxes
    If you were unable to articulate the example (based on a family of 4 with with two children under the age of 17 making less than $50,000/year), then it would have been best not to make the statement at all. The example was clear as day to me. What seems to be the trouble?

    Is your ego so fragile that you have to demand an apology? do you or do you not support letting the Bush tax cuts expire for the so called rich? If not then I apologize, if you do then my statement stands.
    Your inability to debate my statements as opposed to your perception is nothing short of a fallacy.

    I am entitled to my opinion and what I see is someone who advertises themselves as a Libertarian acting and arguing like a liberal.
    Back to discussing me as opposed to my statements.

    The Thread topic is GOP plan to extend tax cuts for the rich adds 36 billion to the deficits. Is that what you believe?
    It reduces tax revenues by $36 billion. Can you deal with that?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: GOP plan to extend tax cuts for rich adds $36 billion

    No one has been able to prove that treating the overtaxed more fairly decreases revenues. That claim is based on a false premise that everything else will remain constant which is complete BS

    and the only thing that adds to the deficit is government spending. Get rid of more spending than there is revenue and there is no problem.

    Of course that would cost the dems votes because their voters tend to be net tax consumers



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    Re: GOP plan to extend tax cuts for rich adds $36 billion

    Goldenboy219;1058967582]If you were unable to articulate the example (based on a family of 4 with with two children under the age of 17 making less than $50,000/year), then it would have been best not to make the statement at all. The example was clear as day to me. What seems to be the trouble?
    The fact is if there is one then there is on more person not paying taxes that is capable of paying taxes yet you have no problem with taxing the rich more. Just another example of pure jealousy on your part. It is my opinion that you just don't like anyone that makes more than you.



    Your inability to debate my statements as opposed to your perception is nothing short of a fallacy.
    I have refuted your statements. Obviously you don't like being challenged and proven wrong.



    Back to discussing me as opposed to my statements.
    You are advertising Libertarian and acting like a liberal.



    It reduces tax revenues by $36 billion. Can you deal with that?
    Nope, no proof that the tax cuts for the rich reduced revenue by 36 billion nor is there proof that the behavior of the rich will remain the same if their taxes go up. guess all those books you read didn't teach you about personal behavior. I would have thought that someone as intelligent as you would understand the multiplier affect of personal spending on economic growth. Apparently not.

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    Re: GOP plan to extend tax cuts for rich adds $36 billion

    Quote Originally Posted by TurtleDude View Post
    No one has been able to prove that treating the overtaxed more fairly decreases revenues. That claim is based on a false premise that everything else will remain constant which is complete BS

    and the only thing that adds to the deficit is government spending. Get rid of more spending than there is revenue and there is no problem.

    Of course that would cost the dems votes because their voters tend to be net tax consumers
    According to the U.S. Treasury, they do decrease revenues.

    Check lines 23-28 on page 16 of the following pdf

    http://www.ustreas.gov/offices/tax-p...rary/ota81.pdf


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    Re: GOP plan to extend tax cuts for rich adds $36 billion

    Quote Originally Posted by pbrauer View Post
    According to the U.S. Treasury, they do decrease revenues.

    Check lines 23-28 on page 16 of the following pdf

    http://www.ustreas.gov/offices/tax-p...rary/ota81.pdf
    you expect us to believe that stuff?



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    Re: GOP plan to extend tax cuts for rich adds $36 billion

    Quote Originally Posted by Conservative View Post
    The problem is simple math doesn't take into account human behavior thus there is no such proof. It is a prediction and projection which from this Administration and Congress hasn't been very accurate, has it? You really think that letting those tax cuts expire is going to generate more tax revenue which then will reduce the deficits? LOL, prove that the govt. has ever reduced the deficit by getting more personal income tax revenue?
    It's not up to me to determine or feed your speculation as to what a Democratic Congress may or may not do should they get that +$36M in tax collections. All I can tell you should that happen is monitor what they do with it and hold their feet to the fire if they don't do what you think they should do which, I'm sure, would be to pay down the deficit. My hope is that's exactly what they'd do, but until it happens there's just no use speculating. Still, based on projects from the article, it would seem that the deficit would increase under Republican control should they allow the Bush tax cuts to continue. If true, then my question remains: How would the tax cuts be paid for?

    Here's where I see Republicans saying one thing but unwilling to make the tough choices as well and do what's right. Here they say the deficit's too high, we're borrowing money and we're treating the Treasury like it's our personal printing press. Okay then...why not make a hardline decision and give up on letting the tax cuts expire for those who make $250K if it is shown through whatever non-partisan egency that doing so will reduce the deficit? If it can be demonstrated mathmatically that taking this action would allow the Treasury to take in revenue and, thus paydown the deficit, why would you not be in favor of this?

    Are you so stuck on principle that you'd put your partisanship over what's best for the country?

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    Re: GOP plan to extend tax cuts for rich adds $36 billion

    Quote Originally Posted by pbrauer View Post
    According to the U.S. Treasury, they do decrease revenues.

    Check lines 23-28 on page 16 of the following pdf

    http://www.ustreas.gov/offices/tax-p...rary/ota81.pdf
    That article was writting in 2006 with only two full years of numbers. I gave you the Actual Treasury revenue and also provided the IRS link that shows how much the rich paid after the tax cuts, you ignored the link. Why? Do you realize that actual numbers trump opinions?

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    Re: GOP plan to extend tax cuts for rich adds $36 billion

    Quote Originally Posted by Conservative View Post
    That article was writting in 2006 with only two full years of numbers. I gave you the Actual Treasury revenue and also provided the IRS link that shows how much the rich paid after the tax cuts, you ignored the link. Why? Do you realize that actual numbers trump opinions?
    nah, to libs stuff that promotes wealth grabs is always more accurate even if it makes no sense to someone who is objective



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    Re: GOP plan to extend tax cuts for rich adds $36 billion

    Quote Originally Posted by Objective Voice View Post
    It's not up to me to determine or feed your speculation as to what a Democratic Congress may or may not do should they get that +$36M in tax collections. All I can tell you should that happen is monitor what they do with it and hold their feet to the fire if they don't do what you think they should do which, I'm sure, would be to pay down the deficit. My hope is that's exactly what they'd do, but until it happens there's just no use speculating. Still, based on projects from the article, it would seem that the deficit would increase under Republican control should they allow the Bush tax cuts to continue. If true, then my question remains: How would the tax cuts be paid for?

    Here's where I see Republicans saying one thing but unwilling to make the tough choices as well and do what's right. Here they say the deficit's too high, we're borrowing money and we're treating the Treasury like it's our personal printing press. Okay then...why not make a hardline decision and give up on letting the tax cuts expire for those who make $250K if it is shown through whatever non-partisan egency that doing so will reduce the deficit? If it can be demonstrated mathmatically that taking this action would allow the Treasury to take in revenue and, thus paydown the deficit, why would you not be in favor of this?

    Are you so stuck on principle that you'd put your partisanship over what's best for the country?
    Tell me how raising taxes on anyone is in the best interest of the country? Do you believe that expiration of those tax cuts will generate 36 billion to the Treasury? We have a 1.4 trillion dollar deficit so even if the 36 billion goes to the Treasury and is used to lower the deficit it then becomes 1.36 trillion and you lose the multiplier affect of that 36 million in consumer spending or saving.

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